RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 26, 2018 No. 41

About approval of Rules of reference of the assets provided by banks to the affiliated organizations on acquisition of doubtful and bad assets of parent bank to category doubtful and hopeless, and also forming of provisions (reserves) against the assets provided by parent banks to the affiliated organizations

According to the Code of the Republic of Kazakhstan of December 25, 2017 "About taxes and other obligatory payments in the budget" the Board of National Bank of the Republic of Kazakhstan DECIDES: (Tax code)

1. Approve the enclosed Rules of reference of the assets provided by banks to the affiliated organizations on acquisition of doubtful and bad assets of parent bank to category doubtful and hopeless, and also forming of provisions (reserves) against the assets provided by parent banks to the affiliated organizations.

2. Recognize to invalid:

1) the resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 96 "About approval of Rules of reference of the assets provided by banks to the affiliated organizations on acquisition of rights of requirements for the credits (loans) recognized as doubtful and bad assets to category doubtful and hopeless and also forming of provisions (reserves) against the assets provided by parent banks to the affiliated organizations" (it is registered in the Register of state registration of regulatory legal acts at No. 7623, it is published on July 18, 2012 in the Kazakhstanskaya Pravda newspaper No. 229-230 (27048-27049);

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